Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-07-02
A FINANCIAL Panic.
The Increase in the Treasury Surplus
During July Gives Rise to More
Extra-SeSsion Talk,
The Only Alierna i've For the Secretary
OF tine IRE asury to 90 Into jhe Mar
ket aud Buy Bonds.
senator WnndersOB of Nebraska. Th.Cks
There wilI b. Amepdn,e To- TIVE
Inter stare commerce Biu
N ENoRlLnrs srFrLrs.


Special 70 5he 5szette
WASHINGTON, July The Increase Of
the surplus N the Treasury for The month
Of June was S!G,I4G,sI1.43. Should sdc-
an enourmoGs increase or anything 40
pruEim2tirg i, occur during TN raWt.l.
ing m n.hS If tle summer and fail x
would DC almost certain 10 bring about
general fnsncial panic. The impression
at the Treasury, however, is that there fs
no danger Of such large increase after
this. For July there viii be 8 redemption
of SO 000,00 per cent. ana Sl2, 600 1.|
paid out on account Of pensions. IL
August there will be,SI2, 200, 600 more due
for pensions. September, October
and November will nave to take
care CT themselves. This large increase
of surplus, Withdrawing IS il does over
Sl6,000, 600 from the circulating medium,
gives cause for renewal Of the lX.ra
session talk. Those who favor an ezra
session say il would be unwise fer tn:
administration, in its effort to avoid ST
extra session, TO let matters 90 COO far,
and to have trouble actually upon them
when it would be too late for congress
siOua action. The conclusion is that 4
the administration is set against sn ex-
ira session, the Secretary Of the Treasury
must be prepared 10 90 into the market
sud Duy bonds II occasion arises.
INTER STATE COMMERCE..
Special TO the Gazette.
WAsHNGTON, July LIN ia Eilz
your correspondent tonight Senator
Mau&erson Of Ne5vasks said tls5 he
thought it highly probable there would
be some changes in the Interstate COM
merCe law during the mex. session. He
thought it likely the commission Wo9-j
be enlarged and its powers extended, sni
that iC would become legal tTiJuusl.
Possibly there might be SUb-COmmissiO1s
created. The law mad come to stsy, snd
the people would not give up this hold
on The railroad corporations. II his
Cp!niOn the commission 1aJ exceeded It's
power in suspeuding the fourth section
without due Investigation, for the efftc
of this action was TO proven
the testing Of the long and short haul
clause. While the commission con-
sisted of only five persons it was not
likely to be of much practical benefit, for
the amount of work before it far eX
ceeded its capabilities He did not think
there would be an extra session, and was
of the opinion that1t wonld be dangerous
for the Democrats to call one.
TEXAS PENSIONS.
Special TO the Gazette.
WASHINGTON, July THE following
Texas pensions were issued to-day.
George MOrenardt, Dallas; AndreW
McBgrnhart, Piano; James T. Bandy,
Palmer; Alexander BettOD, CorsiCaua;
BOatWright, Austin; Jessie
Padin, Kaufman; Luther Fairfax
Dashiell, Fort Worth; Thomas B. Cast
man, Youngsport; Jonu T. Mcqueen,
Jasper; r chard c. Penterf, Bastrop;
Sydney NJ. Price, Honey Grove; S2mp-
son McCOwn, GreenyIlle; Marshall s.
PuIIium, Melissa; Alfred Williams, Nae
ogdoches; Jacob WycOff, Wild Creek;
Erglehars Bartlett, Colorado City; BjcE-
ard Eaton, ThortOn George W. Keen,
Jefferson; Charles W. Olrde, New Braun
fields; Henry Parker, Grandbury; Henry
II. 2. Pull, GreeIvilIe: William K. Pip
kin, Waco; JJhl Urisig, Paris; Cice-O
X. Perry, WestbroOk; Joseph K. Young,
Henry EOgt, Fredericksburg.
TEXAS NOTES.
Special to the Gazette.
WASHINGTON, July Miss /. A
Norton at Texas WAS t--iay promoted
rom S720tO SglQiu the P0stCdiCe Depart
nent.
i new pcssCGi1e has been established
i EGImere. Harris county, with Carl
.IirscnslI comm ,ssicned as postmaster.
Joseph Prev has been commissioned
postmaster at Fsgle Cove.
THE JUNE COINAGE.
WASHINGTON, July The coinage OF
ne minis during June aggregated
81 81 jo2, Of which s. SIG Og0 was in
standard dollars
REVENUE DISTRICTS CONSOLIDATED.
WASHINGTON, July The cousJI.da-
Ion Of Internal revenue districts whereby
wenty tWo districts are merged into
theirs was consumm4ted % day. TeIe-
rams we're received by Commissioner Nil
er Announcing tda- al. the collectors aaG
led their bones and had completed the
-ansfer Of I'll ;es.
PUBLIC DEBT DECREASE.
WASHINGTON, July The decrease
I the public deb. for the month Of June
SIG,45O 600, which makes the total re-
uctioa for the fiscal vesr ending yester-
ay about SlCg,3OJ. 900.